Rhumbline Advisers Has $494,000 Stake in ACNB Co. (NASDAQ:ACNB)

Rhumbline Advisers lifted its position in shares of ACNB Co. (NASDAQ:ACNB) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,405 shares of the bank’s stock after acquiring an additional 268 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of ACNB worth $494,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ACNB. Stonebridge Financial Group LLC acquired a new stake in shares of ACNB during the 4th quarter valued at $42,000. Wilmington Savings Fund Society FSB bought a new position in shares of ACNB in the 4th quarter worth about $92,000. SG Americas Securities LLC raised its position in shares of ACNB by 35.3% in the 4th quarter. SG Americas Securities LLC now owns 3,963 shares of the bank’s stock worth $158,000 after acquiring an additional 1,035 shares in the last quarter. Haverford Trust Co bought a new position in shares of ACNB in the 3rd quarter worth about $200,000. Finally, Franklin Resources Inc. bought a new stake in ACNB in the 3rd quarter valued at about $221,000. Institutional investors and hedge funds own 32.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ACNB. Piper Sandler raised ACNB from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $37.00 to $50.00 in a report on Monday, March 3rd. StockNews.com upgraded ACNB from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Janney Montgomery Scott initiated coverage on ACNB in a research note on Tuesday, November 19th. They issued a “buy” rating and a $53.00 target price on the stock.

ACNB Price Performance

Shares of NASDAQ ACNB opened at $41.31 on Friday. ACNB Co. has a twelve month low of $30.24 and a twelve month high of $50.72. The stock’s 50 day moving average price is $40.17 and its 200-day moving average price is $42.39. The company has a market capitalization of $353.16 million, a PE ratio of 11.08 and a beta of 0.65. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.83.

ACNB (NASDAQ:ACNB) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $0.77 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.06). ACNB had a net margin of 24.09% and a return on equity of 10.91%. On average, equities analysts anticipate that ACNB Co. will post 3.22 EPS for the current year.

ACNB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.28 annualized dividend and a dividend yield of 3.10%. ACNB’s dividend payout ratio is currently 34.32%.

ACNB Profile

ACNB Corporation, a financial holding company, offers banking, insurance, and financial services to individual, business, and government customers in the United States. The company provides checking, savings, and money market deposit accounts, as well as time deposits and debit cards. It also offers commercial lending products, such as commercial mortgages, real estate development and construction loans, accounts receivable and inventory financing, and agricultural and governmental loans; consumer lending products, including home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending programs include personal residential mortgages, and residential construction and investment mortgage loans.